Metals Exploration PLC (MTL) · 2026-10-27
Metals Exploration PLC’s Q3 cash generation improved, but La India first gold has slipped to Q1 2027 from the prior December 2026 target after cable theft, and a fatal contractor incident remains under investigation. Pre-tax free cash flow rose to US$34.5 million, from US$25.2 million in Q2 2026 and US$4.5 million in Q3 2025.
Metals Exploration PLC (MTL) · 2026-10-21
Metals Exploration PLC resumed construction across the La India site after a fatal incident, but the Company-led investigation remains ongoing. The Company says it is not aware of any material impact on the Nicaragua project.
Metals Exploration plc (MTL) · 2026-09-30
Metals Exploration reported lower H1 operating cash generation as Runruno production fell, while profits rose. La India is 74.4% complete and still targets first gold in December 2026, but its budget has edged up to about US$180 million.
Metals Exploration plc (MTL) · 2026-09-28
Metals Exploration fully drew its US$27.0 million La India equipment loan, leaving cash of £25.8 million, while plant construction progressed toward targeted first gold in December 2026. Early La Grecia drilling returned high-grade intervals, with further assays due in October.
METALS EXPLORATION PLC (MTL) · 2026-08-21
Metals Exploration said imported-equipment delays have been managed within La India's programme, where engineering is complete and first gold remains on track for December 2026.
Metals Exploration plc (MTL) · 2026-07-16
Metals Exploration posted Q2 2026 gold revenue of US$47.1 million and positive pre-tax free cash flow of US$25.2 million. Cash holdings fell to US$9.0 million at 30 June 2026 and the Group said it has no debt.
Metals Exploration plc (MTL) · 2026-06-15
Metals Exploration has secured exclusive rights to explore, develop and operate the Batong Buhay Project in the Philippines. Initial work starts immediately, with drilling anticipated in H2 2026 and set minimum exploration spend over five years.